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Diplomatic Signal
President Trump suggests waiving oil sanctions and predicts a 'pretty much complete' conflict.
Oil Dive
Oil prices plunge 10%, falling back below the $90 mark in mid-day trading.
Asia Rebound
Major Asian indices finish sharply higher as energy-cost fears subside and dip buyers return.
Nikkei Plunge
Japan's Nikkei 225 falls 6.3% as oil prices soar past $100/barrel due to Iran conflict.
Oil Peak
Crude oil hits a peak near $120 per barrel amid fears of a Strait of Hormuz blockade.
Major Asian indices staged a powerful recovery on March 10, 2026, following a 10% dive in crude oil prices. The market reversal comes as President Trump signaled a potential de-escalation in the Iran conflict, easing fears of a prolonged energy supply disruption that had briefly pushed oil near $120 a barrel.